Cases
Representative Matters: Represented Toll Brothers in a joint venture project, with an affiliate of PGIM Real Estate, which will develop a 376-unit apartment building with a 431-space parking garage in Atlanta
represented Toll on the equity side
also acted as their local counsel on the debt side.
Represented MLP Ventures
real estate developer J. Brian O'Neill in connection with their $144.6 million debt
equity financing to fund MLP Ventures' purchase of the former GlaxoSmithKline Research & Development Center in Upper Merion, Pennsylvania,
to fund future operating costs, renovations,
leasing costs for prospective tenants moving into the center.
Represented a family-owned real estate company in a $30 million CMBS loan secured by six properties in Virginia, including the creation of new SPE borrowers, which required careful planning to avoid incurring transfer tax obligations.
Represented Toll Brothers, a residential developer, in its equity financing of a multimillion-dollar apartment project in Cambridge, Massachusetts
a joint venture of Toll Brothers
PGIM Real Estate, an affiliate of Prudential, provided the equity for the project.
Represented Toll Brothers in securing a $36 million construction loan to build three apartment buildings in Sleepy Hollow, New York, containing a mix of market
low-income units.
Represented a non-profit corporation in the closing of a 99-year ground lease with trustees of the University of Pennsylvania calling for Penn to demolish an existing office building in Philadelphia
to build a new first class medical office building in its place
as part of the transaction, Penn will sublease back to the client a 25,000 square foot space in the new office building for the term of the ground lease to use for its mission.
Represented a large CMBS special servicer in closing on the lender's taking back six shuttered department stores in three different states by deed in lieu of foreclosure.
Represented a Pennsylvania-based real estate fund manager in its sale of an 11-story, 193,998 square-foot, Class-A suburban Texas office building to a commercial real estate manager
the property is mixed-use with retail
office space
an adjacent parking garage.
Represented Stonemor Partners (NYSE: STON), a leading owner/operator of cemeteries
funeral homes in multiple states
Puerto Rico, in its $447.5 million recapitalization transaction, consisting of a $385 million private placement of 9.875% Senior Secured PIK Toggle Notes to various noteholders
concurrent private placement of $62.5 million of liquidation value of Series A Convertible Preferred Units of the Partnership to Axar Capital Management.
Represented the seller in the $37.35 million sale of an office building located on 45th Street in New York City.
Represented an affiliate of Deerfield Management Company, L.P. in a $540 million acquisition financing for the purchase of an office building at 345 Park Avenue South, New York, New York
for the redevelopment of the building as office building with lab space
financing included three mortgage loans
a mezzanine loan.
Represented a substance abuse
mental health treatment company in a $231 million debt
equity financing in an effort to move forward with a multi-state rehabilitation center business.
Represented the purchaser of a twenty-three-property portfolio in Lakewood, Colorado for a purchase price of $104 million. The properties consisted of twenty-one office buildings
two development parcels. In conjunction with the purchase, represented the purchaser in the closing of a $79.5 million purchase money mortgage loan from AXA Equitable Life Insurance Company.
Represented Sancoa International Company
TubeDec, LLC, family owned affiliated companies that manufacture
supply products to Home & Personal Care customers in North America, in their $71 million sale to CCL Industries, a Canadian public company.
Represented the developer in a complex recapitalization involving a discounted purchase of a mortgage loan, a new equity investor
new financings from private
public lenders.
Represented the agent in a syndicated loan for the development of a casino in Pennsylvania.
Represented the borrower in a refinancing of a portfolio of warehouse
flex buildings involving both a mortgage loan
a mezzanine loan.
Represented the owners of two trophy office towers in center city Philadelphia in leasing matters.
Represented the lender in a consensual foreclosure of a mixed-use condominium project that included a hotel, requiring the negotiation of a new franchise agreement with an international hotel franchisor for the flag under which the hotel will be operated.
Represented one of the secured lenders in the General Growth Properties bankruptcy in the modification of loans totaling in excess of $365 million secured by six shopping centers.
Represented the borrower in a $125 million syndicated credit facility secured by 187 service stations in four states.
Represented a national bank in the financing to a suburban New Jersey hospital for the hospital's acquisition
construction of a new hospital campus. The project financing involved two lenders which required an intercreditor agreement to address disbursements, payments
lien priority issues between the lenders.
Represented the purchaser in the acquisition
financing of an $80 million, 18-story office building.
Represents a private real estate company in the acquisition, disposition
leasing of regional shopping centers in several states.
Represents a private real estate company in the acquisition, disposition
leasing of regional shopping centers in several states.
Represented the seller in a $300 million portfolio sale of its properties, consisting of 23 properties
the ownership interests in 2 other entities.
Represents a private real estate company in office
warehouse leasing in projects throughout the eastern United States.
Represented the lender in restructuring a $167 million loan involving mortgages on 43 nursing homes in 12 states.
Represented the lender in the foreclosure of a resort hotel
time-share development in St. John, U.S. Virgin Isl
s
in the lender's subsequent disposition of the properties to a world-wide hotel operator.
Represented the purchaser of equity interests in an $82 million project in Alex
ria, Virginia.
Represented the owner of commercial shopping centers in northern New Jersey in leasing matters.
Represented developer of a wind farm in western Pennsylvania that, when constructed, was the largest wind project east of the Mississippi River.
As firm real estate counsel, negotiates all of the offices leases for Duane Morris nationally
internationally.
